GSMYX vs. PMEGX
GSMYX (Goldman Sachs Small/Mid Cap Growth Fund) and PMEGX (T. Rowe Price Institutional Mid Cap Equity Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, GSMYX returned 11.11%/yr vs 9.78%/yr for PMEGX. Their correlation of 0.94 means they have usually moved in the same direction. GSMYX charges 0.89%/yr vs 0.61%/yr for PMEGX.
Performance
GSMYX vs. PMEGX - Performance Comparison
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Returns By Period
In the year-to-date period, GSMYX achieves a 13.73% return, which is significantly higher than PMEGX's 3.03% return. Over the past 10 years, GSMYX has outperformed PMEGX with an annualized return of 11.11%, while PMEGX has yielded a comparatively lower 9.78% annualized return.
GSMYX
- 1D
- 3.00%
- 1M
- -5.82%
- 6M
- 10.39%
- YTD
- 13.73%
- 1Y
- 22.40%
- 3Y*
- 9.73%
- 5Y*
- 1.31%
- 10Y*
- 11.11%
- ALL TIME*
- 10.67%
PMEGX
- 1D
- 0.47%
- 1M
- -1.53%
- 6M
- 2.67%
- YTD
- 3.03%
- 1Y
- 6.19%
- 3Y*
- 6.28%
- 5Y*
- 2.15%
- 10Y*
- 9.78%
- ALL TIME*
- 10.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GSMYX vs. PMEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSMYX Goldman Sachs Small/Mid Cap Growth Fund | 13.73% | 2.15% | 12.88% | 14.28% | -28.45% | 7.93% | 53.14% | 38.25% | -5.63% | 28.22% |
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 3.03% | 3.73% | 9.15% | 20.69% | -23.19% | 15.50% | 23.95% | 33.08% | -2.23% | 26.02% |
Correlation
The correlation between GSMYX and PMEGX is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.94 |
The correlation between GSMYX and PMEGX shifts across timeframes, from 0.80 (1 year) to 0.94 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GSMYX vs. PMEGX — Risk / Return Rank
GSMYX
PMEGX
GSMYX vs. PMEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Small/Mid Cap Growth Fund (GSMYX) and T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GSMYX | PMEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.06 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 0.41 | +1.11 |
| Martin ratioReturn relative to average drawdown | 5.34 | 1.39 | +3.95 |
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Drawdowns
GSMYX vs. PMEGX - Drawdown Comparison
The maximum GSMYX drawdown since its inception was -55.00%, roughly equal to the maximum PMEGX drawdown of -55.88%. Use the drawdown chart below to compare losses from any high point for GSMYX and PMEGX.
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Drawdown Indicators
| GSMYX | PMEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.00% | -55.88% | +0.88% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -10.21% | -2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -29.90% | -27.99% | -1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -42.51% | -32.87% | -9.64% |
Max Drawdown (10Y)Largest decline over 10 years | -42.51% | -37.16% | -5.35% |
Current DrawdownCurrent decline from peak | -8.90% | -6.20% | -2.70% |
Average DrawdownAverage peak-to-trough decline | -10.84% | -8.99% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 3.04% | +0.54% |
Volatility
GSMYX vs. PMEGX - Volatility Comparison
Goldman Sachs Small/Mid Cap Growth Fund (GSMYX) has a higher volatility of 6.57% compared to T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) at 2.50%. This indicates that GSMYX's price experiences larger fluctuations and is considered to be riskier than PMEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSMYX | PMEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.57% | 2.50% | +4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 18.49% | 10.49% | +8.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.39% | 13.64% | +8.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.97% | 20.11% | +3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.82% | 19.75% | +3.07% |
GSMYX vs. PMEGX - Expense Ratio Comparison
GSMYX has a 0.89% expense ratio, which is higher than PMEGX's 0.61% expense ratio.
Dividends
GSMYX vs. PMEGX - Dividend Comparison
GSMYX's dividend yield for the trailing twelve months is around 13.86%, less than PMEGX's 20.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSMYX Goldman Sachs Small/Mid Cap Growth Fund | 13.86% | 15.76% | 0.67% | 0.00% | 0.00% | 14.07% | 13.51% | 14.27% | 20.82% | 12.92% | 3.50% | 3.62% |
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 20.48% | 21.10% | 14.15% | 7.07% | 1.65% | 12.80% | 4.44% | 5.11% | 10.42% | 6.30% | 1.04% | 6.18% |
Frequently Asked Questions
GSMYX and PMEGX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSMYX has higher volatility (6.57%) compared to PMEGX (2.50%). In terms of maximum drawdown, GSMYX dropped -55.00% vs PMEGX's -55.88%.
GSMYX currently has the higher Sharpe Ratio (0.85 vs 0.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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